Belt and Road Initiative - Page 3

Sri Lankan Prime Minister Ranil Wickremesinghe on Monday said he would ask China for foreign aid again, after Beijing turned down a proposed $1.5 billion currency swap. China was a major contributor to Sri Lanka’s economic implosion, having destroyed some of the island’s key industries and bankrolled its corrupt socialist government with loans that could never be repaid.

The disintegrating government of Sri Lanka on Wednesday announced a 10-hour “water cut” for parts of the commercial capital of Colombo, beginning Saturday at 10:00 p.m. The water cut will be piled atop daily power outages and fuel shortages as the corrupt socialist government defaults on its debts.

Twenty years after the United States invested blood and treasure in liberating Iraq from the rule of Saddam Hussein, China is attempting to lock up control of Iraq’s oilfields. The Western intervention in Iraq was denounced by critics as a “war for oil,” but in the end, the great authoritarian menace of the 21st Century is close to taking control of Iraq’s energy resources.

China’s state-run Global Times — house organ of the world’s leading practitioner of debt-trap colonialism — warned Ukrainian President Volodymyr Zelensky on Tuesday that Washington is trying to enslave his country with military debts it can never repay.

The newly minted prime minister of Pakistan, Shehbaz Sharif, used his first speech as the head of the country’s government on Monday to promise China its investments in the country would be safe on his watch.

Chinese state media outlets insisted on Sunday that the ouster of radical Islamist Prime Minister Imran Khan in neighboring Pakistan – a close friend and ally of the Communist Party – would have no effect on bilateral ties.

The Parliament of Pakistan speedily elected Shehbaz Sharif, younger brother of former Prime Minister Nawaz Sharif, to replace the ousted Imran Khan on Monday.

Jamaica indicated on Wednesday that they intend to remove Queen Elizabeth II as head of state and become a republic.

Chinese Foreign Minister Wang Yi landed in Kabul, Afghanistan, on Thursday to meet with senior Taliban officials, a sign of approval that Taliban leaders expressed hope would yield significant economic benefits to them.

Ukraine’s foreign affairs minister, Dmytro Kuleba, urged the Chinese Communist Party to “play an important role” in ending the country’s ongoing war with Russia in remarks on Tuesday, claiming the two countries have a relationship of “mutual respect.”

According to a report published by the Green Finance and Development Center at Fudan University in Shanghai this weekend, the world’s poorest nations will pay China almost $14 billion in 2022 to service their debts. 

China has agreed to back Argentina’s tenuous claim to the Falkland Islands in exchange for Buenos Aires backing Beijing’s claim on Taiwan.

Russian leader Vladimir Putin held a summit with Chinese dictator Xi Jinping on the sidelines of the Beijing Winter Olympics, which Putin is technically banned from, on Friday.

The business relationships between President Joe Biden’s son Hunter and Chinese Communist Party elites are explored in Peter Schweizer’s new book “Red-Handed: How American Elites Get Rich Helping China Win.” Some of Hunter’s Chinese deals were helpful to the Belt and Road Initiative (BRI), China’s colonialist scheme for buying influence across the Third World and luring poor nations into taking loans from Chinese banks they can never repay.

China’s state-run Global Times on Wednesday celebrated the inauguration of leftist dictator Daniel Ortega – beginning his fourth term as president of Nicaragua after a rigged election denounced by worldwide democracy activists and the Organization of American States – as a big victory for China’s Belt and Road Initiative (BRI).

Sri Lankan President Gotabaya Rajapaksa on Sunday asked Chinese Foreign Minister Wang Yi to restructure payments for the roughly $5 billion Sri Lanka borrowed from China to build wasteful and unproductive projects under China’s Belt and Road Initiative (BRI). Critics describe BRI as a form of colonialism, a “debt trap” set by imperialist China for Third World countries, and Sri Lanka often serves as Exhibit A for the prosecution.

China offered increased “law enforcement and security” support for Kazakhstan on Sunday, to help it suppress the remainder of the protest movement that broke out on January 1 and was brutally crushed with Russian military assistance over the weekend.

The Chinese government is racking up favors from Third World leaders by intervening in conflict zones to offer economic support and security assistance, buying itself positions everywhere from Africa to the Middle East.

The European Union will launch a €300 billion global infrastructure project in an apparent attempt to counter Communist China’s Belt and Road Initiative in the race for global influence. The Global Gateway scheme, which aims at investing €300 (£255bn/$340) billion into

Chinese and Ugandan officials on Monday denied reports that China is preparing to take control of Uganda’s Entebbe International Airport after the Ugandan government defaults on Chinese Belt and Road Initiative (BRI) loans.

Nearly four centuries after the first arrival of English ships, the Caribbean island of Barbados will officially remove Queen Elizabeth II as its head of state, renouncing the Crown in favour of becoming a republic.

Secretary of State Antony Blinken touted the Biden administration’s eagerness to invest in Africa during a weekend trip to the continent, obliquely criticizing China’s debt-fueled infrastructure projects without directly naming them and downplaying long-standing U.S. human rights criticisms of certain African governments.

The Center for Countering Digital Hate (CCDH), the far-left British nonprofit currently waging a campaign of pressure against Facebook to force the social media giant to clamp down further against conservative media, is backed by a shadowy Swiss investment group that is funding communist China’s bid for global dominance.

The Cuban Communist Party joined the official “Energy Alliance” of the Belt and Road Initiative (BRI) this week – an extension of the Chinese global infrastructure program focused on developing energy infrastructure globally.

Fresh from beating the stuffing out of China’s high-tech billionaires to teach them who’s boss, dictator Xi Jinping is launching a regulatory crackdown on his banking industry to purge it of capitalist influences and tighten the Chinese Communist Party’s (CCP) grip on every coin.

A report published Wednesday by the AidData project at the College of William & Mary in Virginia found that China’s Belt and Road Initiative (BRI), touted by Communist China as a partnership to help emerging economies, has mostly profited China while leaving its “partners” mired in crushing debt.

Analysts from the China Africa Research Initiative (CARI), a Johns Hopkins University project to study China’s political and economic influence among African nations, said on Tuesday the African nation of Zambia owes $6.6 billion to China – more than double the amount claimed by former President Edgar Lungu. 

Taliban spokesman Suhail Shaheen announced on Thursday that, following a high-level meeting with Chinese communist officials, Beijing vowed to help the Taliban fight the Chinese coronavirus pandemic.

Communist China has made no great secret of its lust for Afghanistan’s natural resources, or its belief that the Taliban conquest will bring a gruesome stability to that fractious and tribal nation.

The leader of the exiled government of East Turkistan – the western, largely Uyghur-populated region China refers to as Xinjiang – told Breitbart News this weekend that China takes its friendship with the Taliban “very seriously,” as it could soon help lead to Beijing establishing a “strong foothold” in the Persian Gulf.

China’s state-run Global Times on Tuesday reported Chinese corporations are excited by the business opportunities in Afghanistan, once the Taliban “stabilizes” its conquered land and eliminates the “uncertainty” holding China’s ambitions in check.

China quickly offered “friendship and cooperation” to the Islamist extremists in official statements on Monday, contrary to the Biden administration’s frequent threats that the Taliban would become international pariahs if they seized control of Afghanistan by force.

“We are small but we are tough,” a Lithuanian MP has told Breitbart News after Communist China recalled its ambassador from the country.

Recently inaugurated communist President Pedro Castillo is seeking to expand political and trade ties to China, Reuters reported on Friday, with little room to grow given China’s status as Peru’s largest trade partner already and Peru’s participation in the Belt and Road Initiative (BRI).

Lawmakers in Kenya are planning legislation to ban companies from importing fish from China, the country’s Daily Nation reported Tuesday, after years of controversy involving exploitation of natural resources and reports of Beijing selling the African country poisoned fish.

Samoa’s new prime minister confirmed to Reuters on Wednesday she will cancel plans by her predecessor to build a China-funded port development on the island, the news agency reported Friday.